China is seeking to expand the supply of residential rental properties in major cities. Photo: Bloomberg
China is seeking to expand the supply of residential rental properties in major cities. Photo: Bloomberg

China green lights asset-backed securities linked to rental property

China Young Professional Apartments, a Beijing-based condominium operator, has won approval to issue 270 million yuan worth of securities collateralised by rental property

China is seeking to expand the supply of residential rental properties in major cities. Photo: Bloomberg
China is seeking to expand the supply of residential rental properties in major cities. Photo: Bloomberg
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